159
159
Sep 9, 2012
09/12
by
CNBC
tv
eye 159
favorite 0
quote 0
chrysler criming 14% and toyota up a whopping 46%. that's compared to earthquake related supply disruptions last year. all came in ahead of expectations and annual sales rate stands at 14.5 million cars. >>> it is an extraordinarily busy and important week from the jobs numbers to the ecb plan but there are plenty of other things to pay attention to as well. joining me to talk about that is black rock's chief global investment strategist ross koesterich. let's start with the jobs numbers, 96,000 jobs created, fewer than the market expected but the unemployment rate did fall to 8.1%. what's your take on the numbers and what does it tell you about the economy? >> you know, this was a bad report. it was a bad report on several fronts and even the drop in the unemployment rate was negative. i'll explain why in a moment. you're below expectations an job creation and sharp slowdown from the rate in july. we're seeing wages slow down, this is a challenge for consumer with not much wage growth and too much debt. even a drop in the unemploymen
chrysler criming 14% and toyota up a whopping 46%. that's compared to earthquake related supply disruptions last year. all came in ahead of expectations and annual sales rate stands at 14.5 million cars. >>> it is an extraordinarily busy and important week from the jobs numbers to the ecb plan but there are plenty of other things to pay attention to as well. joining me to talk about that is black rock's chief global investment strategist ross koesterich. let's start with the jobs...
554
554
Apr 3, 2012
04/12
by
CNBC
tv
eye 554
favorite 0
quote 0
sales for chrysler group. good morning to you. >> thank you very much for having me. >> you didn't drive here in a dart, though. >> no. >> drove here in a dodge durango. >> the dart comes out this summer. >> it goes into production this month. we'll build about 2,000 in may, 10,000 in june and it brings features and content to the compact car segment that have never existed before. >> walk us through. >> built off the alpha row mayo platform -- >> it's the first time you've done that. >> first. >> classic black or polished wheels, interior roominess, price point of $15,995, class leading safety, ten air bags, people are concerned a little bit about compact cars from a safety perspective, and the technology in the vehicle is incredible. >> how many are you planning to sell the first year out? >> we'll take it one step at a time. >> how many are you building ahead of august? >> ahead of august we'll probably build about 30,000. >> how many of these can you move? >> i've seen the dart. i haven't had the chance to
sales for chrysler group. good morning to you. >> thank you very much for having me. >> you didn't drive here in a dart, though. >> no. >> drove here in a dodge durango. >> the dart comes out this summer. >> it goes into production this month. we'll build about 2,000 in may, 10,000 in june and it brings features and content to the compact car segment that have never existed before. >> walk us through. >> built off the alpha row mayo platform --...
168
168
Mar 16, 2012
03/12
by
CNBC
tv
eye 168
favorite 0
quote 0
i always believed the detroit bailout of general motors and chrysler was, in fact, a union uaw bailout who owned big chunks of this corporation and the bondholders got completely screwed, senior bond holders. and wouldn't a car business have had to downsize dramatically anyway? wasn't that the real story? >> yes, and they may still have to because we allowed general motors to get through this process, and chrysler as well, now fiat, to get through this process without restructuring their labor costs and contracts. they probably still are going to have a period of time where they're overproducing their market rates, their labor rates are too high. it's not a question between -- as the film portrays it -- saving the auto industry and letting it die. it's between making a choice to have the taxpayers subsidize too much -- >> that's the thing. i know you're keen on this topic. don't you think the country hates bailouts? of any kind? >> of course they do. >> so why is the president touting his bailout of detroit? >> because it took courage to do that, larry. it took courage to do that, larr
i always believed the detroit bailout of general motors and chrysler was, in fact, a union uaw bailout who owned big chunks of this corporation and the bondholders got completely screwed, senior bond holders. and wouldn't a car business have had to downsize dramatically anyway? wasn't that the real story? >> yes, and they may still have to because we allowed general motors to get through this process, and chrysler as well, now fiat, to get through this process without restructuring their...
210
210
Sep 4, 2012
09/12
by
CNBC
tv
eye 210
favorite 0
quote 0
yes, we spent money bailing out the banks, yet, yes spent money bailing out general motors and chrysl chrysler. and those people have jobs today. they wouldn't have had jobs under a republican administration. we had enough with romney's trickle down economics. it never trickles down. i don't want to blame people for wanting to be rich. but in order to do that, he's going to raise taxes $2,000 on the average middle class family in this country. i don't think we want to go there. >> archer davis, at what point does barack obama and his strong supporters quick blaming bush for everything and begin taking responsibility for their own administration? >> probably january 2013. or november 2012. as for dean who started out as a pragmatic governor of vermont, i haven't heard him defend the numbers that i threw out there. and i'll add one more. the president has absolute control, unilateral control over the budget that he smits to congress. congress may not pass it, but the president can submit the one he wants. three $1 trillion deficits in a row submitted by president obama, who has not made a seriou
yes, we spent money bailing out the banks, yet, yes spent money bailing out general motors and chrysl chrysler. and those people have jobs today. they wouldn't have had jobs under a republican administration. we had enough with romney's trickle down economics. it never trickles down. i don't want to blame people for wanting to be rich. but in order to do that, he's going to raise taxes $2,000 on the average middle class family in this country. i don't think we want to go there. >> archer...
240
240
Jul 2, 2012
07/12
by
CNBC
tv
eye 240
favorite 0
quote 0
. >> it if you look at the auto industry, it's the unionized auto companies gm, chrysler and ford, that are having trouble. the nonunionized plants in the south are growing. this they did not need a bailout. basically walmart provides jobs for many, many workers. if they don't like those job, they can go get jobs elsewhere. but the unionized sector is shrinking because workers don't want to belong to unions and also unions make these industries uncompetitive. let's not blame the worker. it's blame the union bosses who make these companies go out of business by raising their costs, making them inflexible, depri depriving hard working workers of merit pay. >> walmart destroyed our manufacturing base by shipping our manufacturing production to third world countries. >> americans are buying the products from third world countries because they cost less. >> why did they go offshore? they went offshore before -- >> because it's less expensive. >> diana, let's blue sky this for just a moment. let's assume your worst nightmare that walmart begins unionize. the workers unionize. what would happe
. >> it if you look at the auto industry, it's the unionized auto companies gm, chrysler and ford, that are having trouble. the nonunionized plants in the south are growing. this they did not need a bailout. basically walmart provides jobs for many, many workers. if they don't like those job, they can go get jobs elsewhere. but the unionized sector is shrinking because workers don't want to belong to unions and also unions make these industries uncompetitive. let's not blame the worker....
148
148
Sep 5, 2012
09/12
by
CNBC
tv
eye 148
favorite 0
quote 1
they dismissed management as incompetent which they were and they restructured general motors and chrysler and really within a fairly short period of time those companies were actually working effectively again. >> right. >> as you know, auto sales up more than 50%. in fact, we have a great report yesterday. same thing with talf. the auto securitization financing program. there was no auto securitization financing. no one could make car loans to consumers. >> i don't think anybody disputes the fact that the president inherited, you know, a catastrophe. >> okay. >> on a global scale. i'm just wondering, does the economic policies or do the economic policies that he's put in place, certainly they have stemmed the red ink and the blood that was on -- >> much more than stemmed the red ink and the blood. you have as i say nearly 60% growth in the auto industry. >> but does that growth go to other industries, do you think? i mean, yes, it helped the auto industry. but -- well, the latest report on manufacturing was a big disappointment. the jobless rate is extremely high. so, i don't know that y
they dismissed management as incompetent which they were and they restructured general motors and chrysler and really within a fairly short period of time those companies were actually working effectively again. >> right. >> as you know, auto sales up more than 50%. in fact, we have a great report yesterday. same thing with talf. the auto securitization financing program. there was no auto securitization financing. no one could make car loans to consumers. >> i don't think...
143
143
Oct 17, 2012
10/12
by
CNBC
tv
eye 143
favorite 0
quote 0
you took chrysler bankrupt. so when you say that i want to take the auto industry bankrupt, you actually did and i think it's important to know that was a process that was necessary to get those companies back on their feet so they could start hiring more people. that was precisely what i recommended and ultimately what happened. >> let me give the president a chance. >> candy, what governor romney said just isn't true. he wanted to take them into bankruptcy, without providing them any way to stay open. and we would have lost a million jobs. and that -- don't take my word for it. take the executives at gm and chrysler, some of whom are republicans. may even support governor romney. but they'll tell you his prescription wasn't going to work. and governor romney says he's got a five-point plan. governor romney doesn't have a five point plan. he has a one-point plan. that plan is to make sure that folks at the top play by a different set of rules. that's been his philosophy in the private sector, that's been his ph
you took chrysler bankrupt. so when you say that i want to take the auto industry bankrupt, you actually did and i think it's important to know that was a process that was necessary to get those companies back on their feet so they could start hiring more people. that was precisely what i recommended and ultimately what happened. >> let me give the president a chance. >> candy, what governor romney said just isn't true. he wanted to take them into bankruptcy, without providing them...
228
228
Sep 17, 2012
09/12
by
CNBC
tv
eye 228
favorite 0
quote 0
this sets the template between caw and chrysler and general motors. those contracts expire at midnight. we'll be monitoring this to see if those two companies can also reach an agreement. >> thank you so much. we'll be are there as develops occur. keep it right here. a lot more ahead on the jam-packed edition of "closing bell." >>> coming up -- a taxing week? congress taking aim at capital gains taxes. could this be the first salvo in a long battle ahead in reforming the nation's tax code? >>> plus, unintended consequences. banks say they don't have enough man power to process the growth in mortgage applications that a fed stimulus is to create. who's at fault, the fed or the banks? >>> and striking out. as chicago teachers strike enters its second week with no end in sight, is this a sign that politics is once again getting in the way of progress in america? that's all coming up on the "closing bell." [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employee
this sets the template between caw and chrysler and general motors. those contracts expire at midnight. we'll be monitoring this to see if those two companies can also reach an agreement. >> thank you so much. we'll be are there as develops occur. keep it right here. a lot more ahead on the jam-packed edition of "closing bell." >>> coming up -- a taxing week? congress taking aim at capital gains taxes. could this be the first salvo in a long battle ahead in reforming...
172
172
Dec 8, 2012
12/12
by
CNBC
tv
eye 172
favorite 0
quote 0
there's no money in the federal till to bail out detroit, especially after we bailed out gm and chrysler already. >> larry, i say let it fail. i'm sorry. you have. to i want those people to have local control. they fought for that local control. they should have a vote. the citizens of the city of detroit should have a vote. but it should fail when it goes wrong. that's what has to happen. the good news is we've now got in michigan as of yesterday we've got legislation pass today make michigan a right to work state. that's going to have a big impact down the road. >> i like that. i like the failure idea. free market capitalism is about success and failure. and as the great free market capitalist nobel prize winner wrote, of the two, doc, sometimes failure teaches us more than success. i like your point very, very much. all right. doc thompson coming out of detroit, thanks very much. >>> now let's talk about the cuts plan for the federal workforce. with the countdown to the fiscal cliff at 24 days, the "washington post" reporting today that federal agencies are sharpening their plans befo
there's no money in the federal till to bail out detroit, especially after we bailed out gm and chrysler already. >> larry, i say let it fail. i'm sorry. you have. to i want those people to have local control. they fought for that local control. they should have a vote. the citizens of the city of detroit should have a vote. but it should fail when it goes wrong. that's what has to happen. the good news is we've now got in michigan as of yesterday we've got legislation pass today make...
1,482
1.5K
Sep 4, 2012
09/12
by
CNBC
tv
eye 1,482
favorite 0
quote 0
were expecting, chrysler's best august in five years and its 29th consecutive month of year over year increases so at least there is some good news out there as well. we'll keep an eye on the rest of the auto sales as they come in. in global headlines, markets closely watching the ecb meeting on thursday. the european central bank is expected to announce details of a bond buying program to fight the region's sovereign debt crisis. ahead of that gathering, ecb president mario draghi is telling european lawmakers that purchases of short term sovereign bonds by the central bank would not breach eu rules and that's been pretty important. markets have taken that as a sign that you could really see some of these big moves they've been hoping for. that was news that he was out with yesterday. this morning you can see in europe that the ftse is down 44 points in france, the cac is off 13 points and germany the dax off by 19 points. italy and spain see a little bit of green arrow there is. australia's central bank is holding interest rates unchanged at 3.5% for a third straight month. policyma
were expecting, chrysler's best august in five years and its 29th consecutive month of year over year increases so at least there is some good news out there as well. we'll keep an eye on the rest of the auto sales as they come in. in global headlines, markets closely watching the ecb meeting on thursday. the european central bank is expected to announce details of a bond buying program to fight the region's sovereign debt crisis. ahead of that gathering, ecb president mario draghi is telling...
206
206
Dec 4, 2012
12/12
by
CNBC
tv
eye 206
favorite 0
quote 0
spring chrysler dodge jeep ram. it's the largest dealership of that type in texas. an extraordinary performer with extraordinary associates. but on our part, it's a statement that the resurgence, renaissance of chrysler corporation is real. it's sustainable. sergio marchione has done a walk-on-water, turnaround performance. i've seen the future, the future is strong and bright. >> and putting your money where your mouth is. >> you know me, you want to know what i think? just look what i do and that's what i think. and then in dallas-ft. worth an extraordinary group that we're excited to welcome those associates to our company. you know, i'm a big believer in the german and german vehicles. i started my career as a technician on german products. so, i have a special affinity for it. and we've acquired the boardwalk group which is a large audi dealership, porsche and volkswagen dealership which will make us the largest volkswagen dealership in the great state of texas. and our german portfolio which i've been building over the last 13 years, represents 30% of the prof
spring chrysler dodge jeep ram. it's the largest dealership of that type in texas. an extraordinary performer with extraordinary associates. but on our part, it's a statement that the resurgence, renaissance of chrysler corporation is real. it's sustainable. sergio marchione has done a walk-on-water, turnaround performance. i've seen the future, the future is strong and bright. >> and putting your money where your mouth is. >> you know me, you want to know what i think? just look...
325
325
Oct 2, 2012
10/12
by
CNBC
tv
eye 325
favorite 0
quote 0
8.5% increase, it's chrysler's best september sales performance in five years. among the stocks already on the move this morning, retailer express is under pressure after the company cut its fiscal third quarter earnings guidance. the company had an abrupt change in customer traffic in september and adds there was some improvement at the end of the month. and phosphate producer mosaic under pressure, $1.03 per share, 12 cents below estimates, hurt by lower volumes and prices. >>> michelle is here and we have a lot to talk about, after years of promilesses to privatize state-run enterprises, greece announced its first privatization deal in history and michelle caruso-cabrera joins us with a special guest. >> so two prime ministers ago, greece promised to do massive privatizations, raise billions and billions and billions of dollars. it's almost never happened. they have finally done the privatization of a mall. joining us is the ceo who has decided to make this investment, odyseus, you're lucky to be on, we have one of the most formidable real estate investors in
8.5% increase, it's chrysler's best september sales performance in five years. among the stocks already on the move this morning, retailer express is under pressure after the company cut its fiscal third quarter earnings guidance. the company had an abrupt change in customer traffic in september and adds there was some improvement at the end of the month. and phosphate producer mosaic under pressure, $1.03 per share, 12 cents below estimates, hurt by lower volumes and prices. >>>...
601
601
Oct 4, 2012
10/12
by
CNBC
tv
eye 601
favorite 0
quote 0
former president of chrysler. currently bob sits on the boards of via motors. i want your reaction on this. >> because of all the actions he took, because of the calls he made, because of the determination of american workers and the unparallel of our special forces, we can now proudly say what you've heard me say the last six months. osama bin laden is dead and general motors is alive. >> pretty powerful as the former auto executive, is the auto bailout something that weighs heavily in the president's favor tonight? >> well, i think it's the one big accomplishment that he can point to. now, a republican president would have done the same thing. george bush, in fact, george w. bush started the bailout with the initial loans. then we had to transition to obama and he continued it. and i think the only unfortunate thing that mitt romney has to live down is that november 8th new york times op-ed piece where he essentially advocated the bankruptcy of the american automobile companies. and it sort of -- he has the reputation of having been willing to sacrifice the a
former president of chrysler. currently bob sits on the boards of via motors. i want your reaction on this. >> because of all the actions he took, because of the calls he made, because of the determination of american workers and the unparallel of our special forces, we can now proudly say what you've heard me say the last six months. osama bin laden is dead and general motors is alive. >> pretty powerful as the former auto executive, is the auto bailout something that weighs...
1,337
1.3K
May 3, 2012
05/12
by
CNBC
tv
eye 1,337
favorite 0
quote 0
we saw interesting news this month out of the automotive sectors with chrysler deciding not to shut down, go threw their normal -- financials, 4,000 job hires in the month of april. we're not going to have more bankers in the world. i know some people won't like that. >>. >> no no, and bankers a aren't such the bad giep as they were for a while the whole credit card issue is causing a lot of companies, banks, to cut back. >> what's the difference between cost cutting reason structuring when it comes to job cuts? it feels like the two of them are very closely linked frequently. >> often they are. different ways that companies characterize their cuts. sometimes they go straight to their shareholders, we've got to show you we're cutting our cost. maybe because of a mergering or do a restructure persian gulf. >> but those are the two primary reasons we saw companies doing the zmuts. >> exactly. >> all right. john, good to talk to you. let's talk these numbers with our guest host jim paulsen. you heard earlier when we introped peter orszag. you came in here with the notion that this is pretty
we saw interesting news this month out of the automotive sectors with chrysler deciding not to shut down, go threw their normal -- financials, 4,000 job hires in the month of april. we're not going to have more bankers in the world. i know some people won't like that. >>. >> no no, and bankers a aren't such the bad giep as they were for a while the whole credit card issue is causing a lot of companies, banks, to cut back. >> what's the difference between cost cutting reason...
246
246
Sep 5, 2012
09/12
by
CNBC
tv
eye 246
favorite 0
quote 0
auto task force and addressing a lot of the standing issues that revolved around general motors and chrysler that had to be taken care of. and i think why you can argue with om some of the things they did, i think in principle they did the right thing. but wayne and i would say we built this company. but god bless america. i wouldn't want to do business in any other country in the world as much as america. >> we have to run. hope to see you soon. >> joe, good to see you. >> coming up, we've got an odd story involving hackers and apple. we'll talk about it. at bank of america, we're continuing to lend and invest in communities across the country. whether it's supporting a delaware nonprofit that's providing training and employment opportunities, investing in the revitalization of a neighborhood in the bronx, or providing the financing to help a beloved san diego bakery expand, what's important to communities across the country is important to us. and we're proud to work with all of those who are creating a stronger future for everyone. nothing complicated about a pair of 10 inch hose clamp pl
auto task force and addressing a lot of the standing issues that revolved around general motors and chrysler that had to be taken care of. and i think why you can argue with om some of the things they did, i think in principle they did the right thing. but wayne and i would say we built this company. but god bless america. i wouldn't want to do business in any other country in the world as much as america. >> we have to run. hope to see you soon. >> joe, good to see you. >>...
349
349
Jul 9, 2012
07/12
by
CNBC
tv
eye 349
favorite 0
quote 0
i'd respectfully disagree the folks when gm and chrysler left aren't working today anymore than years ago when the unemployment started. it's because that deal didn't affect places like janesville and rock county where the unemployment is at. it's one of those where a better economy puts people to work would have had an impact. it didn't put people to work in our states but didn't have a -- >> governor, are you using -- governor deeb, you're using that 28-month figure for 4 million jobs added? why are you able to forget the first year of the obama presidency? why can you use the 4 million jobs added in 28 months? hasn't even been president for 48 months? 42 months? >> there's no job of any ceo to come in and -- >> you can't date it where the job growth started and forget the first millions of jobs lost. >> that was on bush. >> oh, okay. all right. even though he was -- okay. >> 800,000 jobs a month when president obama took the oath of office. that's a fact and takes time to turn that around and done a decent job. this is the worst recession since the depression. i think the president
i'd respectfully disagree the folks when gm and chrysler left aren't working today anymore than years ago when the unemployment started. it's because that deal didn't affect places like janesville and rock county where the unemployment is at. it's one of those where a better economy puts people to work would have had an impact. it didn't put people to work in our states but didn't have a -- >> governor, are you using -- governor deeb, you're using that 28-month figure for 4 million jobs...
245
245
Jun 1, 2012
06/12
by
CNBC
tv
eye 245
favorite 0
quote 0
chrysler out with may sales figures, up 30% over a year ago. that's below estimates but still its best may performance in five years. and the big talker of the morning, former president bill clinton has a message for his fellow democrats. he says demonizing private equity politically is wrong if restructuring underperforming businesses was necessary to save them and make them more productive. take a listen to this. >> when you try, like anything else you try, you don't always succeed. i don't think at that we ought to get into the position where we say this is bad badwork. this is good work. >> the president there pulling a little bit of a cory booker in some respects. it was pretty interesting, saying that governor romney has a sterling business record. >> except the president already saw cory booker do it and saw what happened there so he had plenty of time to think about it so it's nothing like cory booker. >> we see if the president makes a youtube video -- >> we'll continue this conversation. joining us in the conversation -- >> steny hoye
chrysler out with may sales figures, up 30% over a year ago. that's below estimates but still its best may performance in five years. and the big talker of the morning, former president bill clinton has a message for his fellow democrats. he says demonizing private equity politically is wrong if restructuring underperforming businesses was necessary to save them and make them more productive. take a listen to this. >> when you try, like anything else you try, you don't always succeed. i...
170
170
Sep 6, 2012
09/12
by
CNBC
tv
eye 170
favorite 0
quote 0
you know, chrysler had 200 jobs in january of 2009 when i became governor and when the president became president. it has 4,500 jobs in belvidere, illinois today, so the president knows how to get the economy moving forward, and we'll hear a lot about that tonight. >> governor quinn, there's still a huge public deficit. obviously people are very worried about the death, the debt-to-gdp ratio, 7%, 8% is the largest of the major economies in the world at the moment. at some point presumably the president has to talk about pain, shared pain for everybody to reduce that deficit, because the figures can't simply be closed by saying, okay, we're in the going to extend the bush tax cuts for the rich. that isn't enough money anymore near, it is it? >> well, we need economic growth. i think the president's plan is the best plan. we want to rebuild our infrastructure, our highways, our roads, our broadband all across america. that's a good way to put people to work. >> i'm sorry, sir. >> and education. >> do we close the gap by cutting money? isn't that how you close the deficit, you deny people
you know, chrysler had 200 jobs in january of 2009 when i became governor and when the president became president. it has 4,500 jobs in belvidere, illinois today, so the president knows how to get the economy moving forward, and we'll hear a lot about that tonight. >> governor quinn, there's still a huge public deficit. obviously people are very worried about the death, the debt-to-gdp ratio, 7%, 8% is the largest of the major economies in the world at the moment. at some point presumably...
324
324
Aug 2, 2012
08/12
by
CNBC
tv
eye 324
favorite 0
quote 0
. >> mike, chrysler had terrific numbers, bmw had very good numbers, toyota had superb numbers. do you see -- but gm had weak numbers. do you see a trend arising about who are the biggest winners of the upswing in automotive relative to the other competitors? >> i think comparesoisons with t year are difficult in that the japanese were dramatically supply con strictkconstricted. domestics were particularly strong there, and you have a rebalance this year with the japanese back in the game. so i see this strategic shift of share of multiple decades from the domestics to the asians as basically coming to a stop after rebalancing this year because of what happened last year with the earthquake. i see the domestics in the mid-40s, the asians in the mid-40s with the europeans taking the balance. there's no question there's a renaissance in the domestic automobile business both with their business model and with their products. they're solidly in the game. with their core strength being pickup trucks and that market as i already said coming back over the next couple of years, i think
. >> mike, chrysler had terrific numbers, bmw had very good numbers, toyota had superb numbers. do you see -- but gm had weak numbers. do you see a trend arising about who are the biggest winners of the upswing in automotive relative to the other competitors? >> i think comparesoisons with t year are difficult in that the japanese were dramatically supply con strictkconstricted. domestics were particularly strong there, and you have a rebalance this year with the japanese back in...
256
256
Sep 7, 2012
09/12
by
CNBC
tv
eye 256
favorite 0
quote 0
district courts and courts of appeals all the way to the united states supreme court in the case of chrysler. and the people who argued what you just said never even got a wink, a nod, a tip of the hat, a single vote from any judge throughout this process. the fact is that every creditor in this situation got more than they otherwise would have been entitled to. that's a fundamental principle of bankruptcy reorganization as the courts recognized. >> mr. rattner, let me take you back to the politics because you've clearly over the last couple of weeks put paul ryan on the defensive by revealing that when you were car czar, he came to you and asked that a gm plant in his district closed under george w. bush be reopened. would you at least credit mr. ryan with some personal integrity here in that he voted for the automotive bailout and broke ranks with most republicans to do that? >> sure. i was really more having some fun with representative ryan. it's ironic. i get the joke that when you're -- even if you're a hard right republican, you have to do what's right for your district. i don't have
district courts and courts of appeals all the way to the united states supreme court in the case of chrysler. and the people who argued what you just said never even got a wink, a nod, a tip of the hat, a single vote from any judge throughout this process. the fact is that every creditor in this situation got more than they otherwise would have been entitled to. that's a fundamental principle of bankruptcy reorganization as the courts recognized. >> mr. rattner, let me take you back to...
206
206
Mar 6, 2012
03/12
by
CNBC
tv
eye 206
favorite 0
quote 0
. >> chrysler invented them. >> it was the dodge caravan i think was the very first. >> yeah, exactly. >> i don't know -- >> i wouldn't trade in a helicopter for a minivan. >>> you don't know what you are missing. >>> all right, if you have any comments or questions about anything we've talked about here this morning on "squawk" e-mail us at squawk@cnbcnews.com. >>> the dow futures are down by about 71 points, wouldn't have seemed like a big deal last year but we've not seen this much volatility this year and that's a drop of 0.056 percent on the dow futures. "squawk box" will be right back. >>> coming up, he's a real estate mogul. >> five is my final offer. >> deal. we would have taken four. >> then i want a do-over! >> he's challenged the manning brothers. >> no way. >> and they're going to be huge. >> he's inspired business executives. >> sadly, one of you will be fired. >> oit's tuesday with trump rigt here on "squawk box." >> all right, go ahead, thank you. >> the legendary billionaire and businessman is coming up next. they've been committed to putting clients first. helping gen
. >> chrysler invented them. >> it was the dodge caravan i think was the very first. >> yeah, exactly. >> i don't know -- >> i wouldn't trade in a helicopter for a minivan. >>> you don't know what you are missing. >>> all right, if you have any comments or questions about anything we've talked about here this morning on "squawk" e-mail us at squawk@cnbcnews.com. >>> the dow futures are down by about 71 points, wouldn't have...